SC approval is needed for warrant extension, cannot simply said want extend already can extend.
A lot of warrant already being extended once, but I don't know whether TA-WB is one of them or not.
TA-WB = Goreng?
TA-WB = Goreng?
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May 24 2009, 05:27 PM
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Staff
25,802 posts Joined: Jan 2003 From: Penang |
SC approval is needed for warrant extension, cannot simply said want extend already can extend.
A lot of warrant already being extended once, but I don't know whether TA-WB is one of them or not. |
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May 24 2009, 09:40 PM
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All Stars
17,875 posts Joined: Jan 2005 |
QUOTE(cherroy @ May 24 2009, 05:27 PM) SC approval is needed for warrant extension, cannot simply said want extend already can extend. If i am not mistaken, TA-WB has been extended once. Can it get the second extension ? If not, the selling pressure will be very high.A lot of warrant already being extended once, but I don't know whether TA-WB is one of them or not. |
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May 24 2009, 11:43 PM
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Senior Member
2,991 posts Joined: Jun 2007 |
QUOTE(kb2005 @ May 24 2009, 09:40 PM) If i am not mistaken, TA-WB has been extended once. Can it get the second extension ? If not, the selling pressure will be very high. How long do they need to get the SC approval for extension?Does TA need the capital subscription money now? If not, then there's a possibility of seeking extension. |
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May 25 2009, 12:01 AM
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Senior Member
1,470 posts Joined: Jun 2005 From: Securities Industry |
Since TA already issue notice to warrant holder to exercise and also the date the warrant will ceased trading/delisting,there is DEFINITELY NO EXTENTION OF TA WB.
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May 25 2009, 02:02 PM
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Junior Member
128 posts Joined: Jul 2007 |
drop to RM0.035.....
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May 25 2009, 06:02 PM
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Senior Member
3,879 posts Joined: Jul 2005 |
some lucky ppl succesfully bought at 0.02...
it sure will go more than 0.02... |
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May 25 2009, 08:17 PM
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Senior Member
1,436 posts Joined: Apr 2009 |
If I own some lots of this warrant.
When I expired I change to the main share with a cheapest price. Let say main share 1.12 and with warrant i can buy with only 0.70 then Once I convert my warrant to main share and Sell instantly.. I will earn 0.42 per units correct? So what are we waiting for? |
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May 25 2009, 09:11 PM
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Senior Member
3,879 posts Joined: Jul 2005 |
I taught the TA-WB can buy TA mother share at RM1.00 which means only save RM0.04 if i am not mistaken.
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May 25 2009, 09:41 PM
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Senior Member
2,549 posts Joined: Dec 2004 From: Sungai Petani, Kedah |
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May 26 2009, 12:23 AM
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All Stars
17,875 posts Joined: Jan 2005 |
QUOTE(stanly007_2 @ May 25 2009, 08:17 PM) If I own some lots of this warrant. I don't think you can buy at 0.70. Pls check the warrant detail of this counter.When I expired I change to the main share with a cheapest price. Let say main share 1.12 and with warrant i can buy with only 0.70 then Once I convert my warrant to main share and Sell instantly.. I will earn 0.42 per units correct? So what are we waiting for? |
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May 26 2009, 01:45 AM
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Senior Member
3,879 posts Joined: Jul 2005 |
QUOTE(kb2005 @ May 26 2009, 12:23 AM) for TA-WB, confirm can convert to mother share at RM1.00/share.now TA share is RM1.04 (Opening price 25 May) might go up or down, yesterday so as high as RM1.07, thanks to those ppl that goreng TA share from around RM0.57 at 12 March 2009, so means TA-WB's price can't be higher than RM0.03 for the safe side. |
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May 26 2009, 06:41 PM
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Senior Member
1,140 posts Joined: Feb 2005 |
those calculation didn't include those commision and charges ?
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May 26 2009, 06:49 PM
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Senior Member
2,359 posts Joined: Apr 2006 |
TA-WB is dying.. today 0.015/0.02...
Unless TA makes annoucement cheaper convertion to TA Global and TA price cheong up.. maybe still have little chance. My colleague bought at 0.075...he said will hold till 1st week of June before decide... habislar.. QUOTE(sjz @ May 26 2009, 01:45 AM) for TA-WB, confirm can convert to mother share at RM1.00/share. now TA share is RM1.04 (Opening price 25 May) might go up or down, yesterday so as high as RM1.07, thanks to those ppl that goreng TA share from around RM0.57 at 12 March 2009, so means TA-WB's price can't be higher than RM0.03 for the safe side. |
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May 26 2009, 06:51 PM
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Senior Member
1,140 posts Joined: Feb 2005 |
your friend luck in the hand of the issuer ;-) how many lots your friend bought ?
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May 26 2009, 09:26 PM
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Senior Member
3,879 posts Joined: Jul 2005 |
if the price is RM0.01 or RM0.005 then can buy.
because you still earn at least RM0.03 when covert to TA mother share at RM1.00/share. |
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May 26 2009, 09:30 PM
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Staff
25,802 posts Joined: Jan 2003 From: Penang |
QUOTE(sjz @ May 26 2009, 09:26 PM) if the price is RM0.01 or RM0.005 then can buy. If after conversion, TA become low than 1.00, then loss liao. So there is no certainty at 0.01 can buy even if TA mothershare stay at 1.04 for time being.because you still earn at least RM0.03 when covert to TA mother share at RM1.00/share. If you buy 500 lots then need to prepare 50K cash for the conversion. You don't buy 50 lots with 0.005, right? |
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May 26 2009, 09:55 PM
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All Stars
17,875 posts Joined: Jan 2005 |
Normally the conversion take a few weeks and you can't sell it when the price drop. If drop below RM1, then you will be in trouble.
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May 26 2009, 10:18 PM
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Senior Member
3,784 posts Joined: Jun 2005 |
too risky..there is no guarantee it will be over RM1..mkt is bullish now imagine by the time market downturn...lagi teruk
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May 26 2009, 10:21 PM
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All Stars
17,875 posts Joined: Jan 2005 |
QUOTE(ts1 @ May 26 2009, 10:18 PM) too risky..there is no guarantee it will be over RM1..mkt is bullish now imagine by the time market downturn...lagi teruk Teruk and if you have time to sell to cut the loss, it is okay. How about if the price drop while you're in the conversion process, then chiak lat liao! |
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May 26 2009, 11:43 PM
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Senior Member
1,470 posts Joined: Jun 2005 From: Securities Industry |
The gambling instinct in my blood is urging me to queue to buy 200 k units at half sen tomorrow.Hope I can get.
In the worse case scenario,I am prepare to lose the RM1K to let it expire worthless. This is pure gambling,don't follow me. |
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